Globalization: Benefits and Drawbacks Essay

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As the exchange of goods and services speeds around the world, globalization brings more innovations to our daily lives. Fundamentally, globalization is advantageous for customers for many reasons. To elucidate, globalization established a decentralized but integrated economic system with many intermediaries (Maswood 2021). Therefore, buyers who used to overpay for higher production costs now have many options in choosing products from different manufacturers. Moreover, global trade speeds up since all the boundaries are broken. The export and import of countries increases, generating higher profits for nations and providing better living standards. Another benefit of globalization is the improvement of technologies. People can easily overcome distances and manage to utilize upgraded communication tools daily (Maswood 2021). Thus, nations daily use all advantages provided by globalization.

The opposite side of globalization is full of disappointments. Manufacturing is no longer in-house activity, making some countries vulnerable (Maswood 2021). For example, the jobs involving physical manufacturing in the USA are eliminated because the country shifted to technology and design phases. Undoubtedly, infections are the most dangerous outcome of globalization. The coronavirus pandemic spread quickly due to the fast exchange of products between the countries. Additionally, industrialization facilitated by globalization harms the environment. As a part of society, I experience these drawbacks: polluted air, contaminated water, lower wages, and high competitiveness. However, I also enjoy lower costs and more choices in goods and services. Undoubtedly, globalization brings pros and cons, speeds up innovations, and changes our lives.

The primary function of layout planning is to fill the space within a facility efficiently, considering area and dimensions. It affects the strategic goals of space, including workflow and the productivity of the people present (Pérez-Gosende 2021). In everyday life, a person can utilize it to arrange working or studying spaces. For example, when planning the layout for work, it is essential to have lower expenses, minimum health risk, and adequate flexibility. Poor utilization of space affected me during apartment repair. The paint for the walls was in excess, which indicated extra costs. The new furniture took up too much space that all the guests bumped against the wardrobe or the sofa. As a result, I had to move the furniture and re-plan the space. Thus, layout planning affects our daily life decisions.

Works Cited

Maswood, Syed Javed. “Origins and Consequences of Economic Globalization: Moving beyond a Flawed Orthodoxy.” European Journal of International Relations, vol. 27, no. 2, 2021, pp. 428–49. EBSCOhost. Web.

Pérez-Gosende, Pablo, et al. International Journal of Production Research, vol. 59, no. 12, 2021, pp. 3777–816. EBSCOhost.

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